Contents tagged with turbines

After the delivery of Siemens turbines to a power plant in the Crimea in defiance of sanctions and without the manufacturer’s consent, the German concern plans to take measures regarding any future cooperation with Russian customers, CEO of Siemens AG, Joe Kaeser said in an interview with the German magazine Spiegel.

"In any case, our trusting relations with Russia, formed over more than 160 years, were spoiled," he said, stressing that this was "not a trivial trespass." "On the other hand, …

The Moscow Arbitration Court scheduled a preliminary meeting on October 20th to review the suit brought by the joint venture of Siemens and OJSC Power Machines – Siemens Gas Turbine Technologies LLC (SGTT) – against two Russian enterprises, the Rostec state corporation and Technopromexport JSC, as stated in the court documents.

The press service of Siemens in Russia has not yet commented on the content of the claim against Rostec.

The joint venture of Siemens and Power Machines filed a lawsuit to the arbitration court against Rostec's subsidiary company, Technopromexport. The latter bought Siemens turbines for construction in the annexed Crimea, as reported by Meduza.

The claim by Siemens gas turbine technology against JSC and LLC Technopromexport was filed on September 8th. Details on the claim haven’t been disclosed.

The company Technopromexport bought four gas turbines from Siemens in 2015. It was announced that the …

The Moscow Arbitration Court refused to seize the Siemens-produced turbines which were shipped to annexed Crimea in circumvention of sanctions, the Dozhd TV channel reported with reference to a court file.

Furthermore, the court refused to prohibit the mounting of these turbines. Their seizure was specified as a security measure in the lawsuit.

The consideration of Siemens’ case against the corporate structures of Rostec, who relocated the turbines to the peninsula, has been scheduled for …

Siemens management is discussing personnel changes in the company after the scandal resulting from power plant turbines being shipped to the annexed Crimea in circumvention of the sanctions, Handelsblatt reported with reference to sources in the German concern. The company considers itself the “victim” of the events.

According to the newspaper’s sources, several top managers are accusing the head of the Russian division, Dietrich Möller. They believe that he delayed the inspection of …

Ukraine will demand that the German government and the European Union investigate and punish all perpetrators involved in the delivery of Siemens turbines to power plants in the annexed Crimea, the Minister of Foreign Affairs of Ukraine, Pavlo Klimkin, wrote in an article for the Evropeiska Pravda.

“The only way out is a frank and public investigation and punishment of all accomplices - legal, political and reputational. This is exactly what Ukraine will demand from Siemens, the German …

Siemens is considering the possibility of withdrawing from two major projects with Russia after the scandal with the gas turbines in annexed Crimea, reported German business news outlet WirtschaftsWoche with reference to sources in the company.

According to the article’s sources, Siemens’ CEO Joe Kaeser is exploring the possibility of ending the German company’s involvement with Siemens Gas Turbines Technologies LLC.

In addition, according to the sources, Siemens is also considering the …

Kostiantyn Yelisieiev, the Deputy Head of the Presidential Administration of Ukraine announced on Channel 5 TV that the representatives of the European Union at the Ukraine-EU summit were presented with information about Russia's circumvention of sanctions.

Yelisieiev said that the representatives of Ukraine handed over the document, which spelled out all the facts and cases whereby Russia managed to circumvent European sanctions. According to him, Kyiv also drew attention to attempts of the …